Consider That You Are 30 Years Old and Have Just

question 70

Multiple Choice

Consider that you are 30 years old and have just changed to a new job. You have $91,000 in the retirement plan from your former employer. You can roll that money into the retirement plan of the new employer. You will also contribute $4,800 each year into your new employer's plan. If the rolled-over money and the new contributions both earn a 7 percent return, how much should you expect to have when you retire in 38 years?

• A) $2,012,560.60
• B) $2,018,506.60
• C) $2,106,718.60
• D) $2,216,781.60

Understand the role and impact of federal consumer credit laws on credit accessibility and discrimination.

Identify the key aspects and components evaluated during the lending process, including the 5 Cs of lending.

Recognize the sources that provide data to credit bureaus and the duration such information is reported.

Know the rights of consumers when a credit application is denied and the procedural steps to follow thereafter.

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Definitions:

Sexual Coercion

The act of using pressure, alcohol, drugs, or force to have sexual contact with someone against their will.

Self-regulatory Strength

The capacity of an individual to exert control over their emotions, thoughts, and behaviors in pursuit of long-term goals.

Self-control

The ability to regulate one's emotions, thoughts, and behaviors in the face of temptations and impulses.

Self-awareness

Self-recognition pertaining to one’s character, affectivity, catalysts for behavior, and aims.